S&P 500 (NYSE:SPY) component Nordstrom Inc. (NYSE:JWN) reported its results for the third quarter. Nordstrom is a fashion retailer offering designer, luxury and quality apparel, shoes, cosmetics and accessories.
Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now
Nordstrom Inc. Earnings Cheat Sheet
Results: Net income for Nordstrom Inc. rose to $146 million (71 cents per share) vs. $127 million (59 cents per share) in the same quarter a year earlier. This marks a rise of 15% from the year-earlier quarter.
Revenue: Rose 13.3% to $2.81 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Nordstrom Inc. fell short of the mean analyst estimate of 72 cents per share. It beat the average revenue estimate of $2.51 billion.
Revenue has increased for four quarters in a row. Revenue increased 7.1% to $3.01 billion in the second quarter. The figure rose 13.2% in the first quarter from the year earlier and climbed 12% in the fourth quarter of the last fiscal year from the year-ago quarter.
The company fell short of estimates last quarter after beating the mark the quarter before with net income of 75 cents versus a mean estimate of net income of 74 cents per share.
Net income has increased 3.1% year-over-year on average across the last five quarters. The biggest gain came in the most recent quarter, when income climbed 15% from the year-earlier quarter.
Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the fourth quarter has moved up from $1.31 a share to $1.33 over the last ninety days. For the fiscal year, the average estimate has moved up from $3.46 a share to $3.49 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories: